Move is aimed at spurring growth in film and TV production — a potential $375 million industry with the possibility of providing jobs for some 24,000 local talent and crew.
The film commission’s efforts will be buttressed by the introduction of a tax credit of up to 25% for feature films and TV skeins shot in the Dominican Republic.
While not as generous as Puerto Rico’s 40% tax credit, the Dominican Republic will become more competitive once the Pinewood Indomina Studios kicks off operations in early 2012. Studio is a partnership between the U.K.’s Pinewood Studios and U.S.-Dominican Republic-based film and TV company the Indomina Group.
Perez is expecting to sign co-production pacts with Canada and France in the near future.
His appointment was announced Saturday in Hollywood at the inauguration of the Dominican Republic consular offices with Consul General Celeste Jimenez and Rafael Alburqueque, vice president of the Dominican Republic, in attendance.